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Today's Mortgage Terms starting with N

Notice of Default:

A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.

Non-Assumption Clause:

A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

View all Terms
Logan mortgage rates news:
Financial News
Landlords forcing twice-yearly price hikes on renters - News.com.au
QUEENSLAND landlords have reportedly been forcing renters on to revolving six-month contracts so that they can increase rents twice a year. While the pressure on home-buyers has eased with falling interest rates, Tenants Union spokeswoman Penny Carr ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Two weeks ago, executives of the Big Three automakers trundled into their private jets to Washington to beg for $25 billion in federal bailout ...

Sound off on Vazquez deal - Atlanta Journal Constitution
The entry titled "Hampton is gone, while Peavy is ...," and any of the comments about it. Come back … no, good riddance … Please stay, we need you … no, please just go. Does that pretty much summarize the polarizing presence that was Mike ...

Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-Review
Fred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...

Lenders, homeowners reach out to solve mortgage troubles - East Valley Tribune
For Darrell Logan, 2008 has been the most difficult year of his life. An unyielding series of financial setbacks have culminated in the Queen Creek homeowner, along with his wife, Donnique, and their four children, falling behind on their mortgage ...

US Federal Reserve cuts interest rates by half point - The Independent
Average house price has fallen £30,000 in a year Sean O'Grady: Darling's credibility has been devalued as much as sterling Darling urges banks to help small businesses Darling: tax may rise in downturn Hungary holds out the begging bowl for $25bn ...

THE FED: Fed To Cut Rates To Manage Risks, Analysts Say - FXStreet.com
WASHINGTON (Dow Jones) -- Many economists believe the Federal Reserve will cut its policy interest-rate target by a quarter-percentage point to 4.5% on Wednesday to contain the risks that financial market turmoil could continue, possibly leading to a ...

Homeowners' new reality: You're suddenly poorer - Globe and Mail
Adil Burney from Canada writes: For 2009, CREA is delusional. Suppose we end December 2008 at -9% YoY. To end up a -2% for the full year 2009, we would probably have to bottom in December 2008 and then get to a around 7% by late 2009. CREA is talking ...

Broken promises, broken homes - Chicago Sun-Times
They had applied for the loan just six days after Richard M. Daley won his first term as mayor in 1989, having campaigned on a promise to build more housing for the poor. Rezko and Mahru got the loan four months later, and quickly became one of the ...

Once among nation's tops in appreciation, Utah home prices tumble - Salt Lake Tribune
Utah, which just two years ago had among the highest rates of housing appreciation in the country, has joined much of the rest of the nation struggling with the problem of falling home prices, a report released Tuesday shows. The state had a 1.6 ...

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